11Jul 24
Is this market really different from the one of thirty years ago?
Sometimes I wonder what this market is like, if I did well or if I did badly and above all beyond good or bad (not all donuts come with a hole) if it is really different from something we have seen in the last 30 years.
This image gives us the answer: the concentration of the capitalization of the US markets has gone on a dozen stocks while the rest of the market has been watching. What does it mean? It means that either the whole market is going up or the capitalization of those 10 stocks is deflating and we are going back to the mean (but if it is deflated it is going to take the whole market with it). Moral: we’ll see some great things…
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